RA 8424: Title II, Chapter V – Computation of Taxable Income

Title II – Income Taxation, CHAPTER V – Computation of Taxable Income

SEC. 31. Taxable Income Defined. – The term ‘taxable income‘ means the pertinent items of gross income specified in this Code, less deductions, if any, authorized for such types of income by this Code or other special laws. (As amended by RA No. 10963 (December 19, 2017)).

(Manual encoding credits: Jacky Margaret Adriano)

Updates

Revenue Memorandum Circular No. 81-2026

Revenue Memorandum Circular No. 79-2026

Availment of a One-Time Abatement of Taxes and/or Penalties for Micro Taxpayers

Revenue Memorandum Circular No. 71-2026

Revenue Regulations No. 004-2026

Revenue Memorandum Circular No. 064-2026

Revenue Memorandum Circular No. 062- 2026

Seminar Schedules

Aug 11, 2026

Live Webinar: SEC Corporate Process: Amendments, Capitalizations, Dividends etc.

Aug 27, 2026

Live Webinar: Acting as CTA ICPA (BIR LOA’s)

Sep 10, 2026

Live Webinar: Basic Accounting for Non-Accountant

Sep 11, 2026

BIR Tax Compliance Live Webinar (Retainership, Tax Consultation & Opinions)

Sep 16 - Sep 17, 2026

Live Webinar 1 & 2: BIR Tax Compliance for VAT Entity

Sep 22 - Sep 23, 2026

Live Webinar on Ph Payroll Computations and Taxation

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